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You own a 10% annual coupon bond, with $1,000 face and 5 years to maturity. The market YTM is 9.42%. Using the bond's duration, estimate

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You own a 10% annual coupon bond, with $1,000 face and 5 years to maturity. The market YTM is 9.42%. Using the bond's duration, estimate the percentage price change if the market yield drops to 9%. List all answers with four decimal places. Macaulay Duration = years Modified Duration = years Estimated price change =

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